ROTHSCHILD
REVISITED
| In my short time on this Earth, I have to come to accept that ignorance is bliss for many. I have revisited this as of late with the current elections and the economic consternation that threatens the people who inhabit this dear planet. In particular, as of late I have been reminded of the prophetic statement of Mayer Rothschild, “Give me control over a nation’s currency, and I care not who makes its laws.”Like a wise mathematician, Rothschild fi gured out that by using currency (or depository loan accounts), he could get folks to give up real wealth (land, for example) in exchange for the promise of greater wealth. He even gave governments these promissory notes for real collateral and then restricted credit, so he could take other folks’ collateral.We have only seen the start of this tumultuous period in America. I have postulated before that all great empires will one day dissolve, as did Rome. I don’t know if America is declining, but I speculate that if we don’t come out of this period with our heads turned to the front, it will be. The U.S. government has privatized profi ts and socialized losses. I would have opted for straight free enterprise and let businesses fail. But not this government, they would rather pick and choose the companies that should survive – without any logic or rationale. The bailout won’t do anything for profi t to earning ratios. And as an investor, if you have short-term paper at the bank, watch your loot – cause if it goes bust, the government can on a whim, pick and choose whether they will freeze bonds, or even worse, all associated interest income. The truth is, unlike other places where folks actually Are we going to be proactive and make certain |
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